Wednesday, October 26, 2011

GD - Closed

The General Dynamics Corporation (GD) Oct11 65.00 Call was excercised on Friday. I was waiting until earnings announcement today to determine whether to continue the position as a CSP or close it. Since GD is now trading below the 65.00 strike, I decided to close the position. All prices include IB commissions.

Position Summary

Cost Basis$6,500.00
Net Profit$247.83
Percent Return3.81%
Annualized Return9.22%
Days Held to Expiration151 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011GDCSP Margin UsedCSP 100 GD @ 65.00 ($6,500.00) 
5/23/2011GDInitial Put OptionSTO 1 Aug11 65.00 Put @ 1.14Exercised $113.98
8/19/2011GDCSP Margin ReturnedCSP 100 GD @ -65.00 $6,500.00 
8/19/2011GDStock AssignedEX 1 Aug11 65.00 Put @ -65.00 ($6,500.00)$0.00
8/24/2011GDContinued TradeSTO 1 Oct11 65.00 Call @ 1.34Exercised$0.00$133.97
10/21/2011GDStock CalledEX 1 Oct11 65.00 Call @ 65.00 $0.00$6,499.88
10/21/2011GD Net Cost/Profit-Loss ($6,500.00)$247.83
DTE151 Percent Profit-Loss/Annualized 3.81%9.22%